- Van de Poppe says Bitcoin is in its “longest bear market” and compares it to the crypto winter of 2015.
- Mati Greenspan notes uncertainty in defining “bull” and “bear markets,” saying it depends on past movements or future expectations.
- Some experts assert Bitcoin’s continuous bull market due to sustained growth, institutional adoption, and macroeconomic factors.
In a recent tweet by MN Trading founder Michaël van de Poppe, he boldly proclaimed that Bitcoin is entrenched in its “longest bear market” ever. However, this assertion has stirred debate among experts, revealing the subjectivity in defining market phases.
In referencing the prolonged downtrend, Van de Poppe drew attention to historical market cycles characterized by expansion, correction, accumulation, and eventual resurgence. He likened the ongoing bear market’s duration and sentiment to the crypto winter witnessed in 2015, highlighting the challenge of maintaining faith in the face of solid fundamental growth.
Mati Greenspan of Quantum Economics underlines the ambiguity surrounding terms like “bull” and “bear markets,” noting their potential for fueling endless arguments. According to him, interpretations hinge on whether past movements or future expectations are considered.
Diving into historical data, another perspective emerges. Cointelegraph’s Allen Scott suggests viewing the current market as a “multiyear bear market” until a new all-time high is achieved. Notably, Bitcoin’s previous price stagnation stretched over 1,125 days between 2013 and 2017, challenging the notion of the current downturn being the longest.
Some experts assert that Bitcoin’s sustained growth, adoption by institutions and governments, and macroeconomic factors categorically define it as a continuous bull market. Samson Mow, CEO of Jan3, underscores that Bitcoin’s overall trajectory remains bullish when taking a broader timeframe.
While Van de Poppe’s viewpoint resonates with those feeling the pinch of the ongoing downturn, experts’ analyses underscore the complexities of assigning labels to the crypto market’s ever-evolving nature.
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